Redfin Corp Stock News

Both still have massive market opportunities ahead.

Redfin CEO Glenn Kelman discusses why rent and home prices are 'through the roof' on 'The Claman Countdown.' #FOXBusiness Subscribe to Fox Business!

Redfin is now offering rental search on its platform, adding to its listings of for-sale homes.

Glenn Kelman, Redfin CEO, joins 'Squawk on the Street' to discuss Kelman's expectations for home prices, demand in the housing market and more.

Amid rising rental prices, U.S. lawmakers are looking to enact rent control, reviving measures shunned mainly in recent years, to curb the surge in home rental prices, reports Wall Street Journal . According to real-estate broker Redfin Corp , the prices have hit record levels across the U.S and are up about 18% on average over the past two years. The proposals would generally allow landlords to boost monthly rents by 2% to 10%. Rising rents are a significant contributor … Full story available on Benzinga.com

With markets in correction territory amid rising inflation concerns and ongoing geopolitical tensions, investors are looking for opportunities. Some of the best opportunities might be hiding in beaten-down acquisition targets, according to Gene Munster of Loup Ventures. "An underappreciated part of tech investing here is going to be M&A over the next year," Munster said Wednesday on Benzinga''s " PreMarket Prep ." Numerous legitimate companies have been "obliterated" over the last nine months, he said. Some examples would be Toast Inc (NYSE: TOST ), Affirm Holdings Inc (NASDAQ: AFRM ), Peloton Interactive Inc (NASDAQ: PTON ) and Redfin Corp (NASDAQ: RDFN ), he said. See Also: Affirm Holdings Whale Trades For March 7 Munster told Benzinga that although he isn''t invested in any of the aforementioned names, he is … Full story available on Benzinga.com

A record 6 million, or 8.2%, of U.S. homes were valued at $1 million or more in February, according to a report from real estate brokerage Redfin Corp. , a near doubling from the 3.5 million homes worth at least $1 million in pre-pandemic February 2019. The surge in values comes as the number of homes for sale during the four weeks ended Feb. 27 tumbled 50% from two years ago to a record low of 456,000, which helped lift the median U.S. home-sale price 33% to a record $363,975. The San Francisco Bay Area led with the highest percentage of million-dollar homes, as nearly 90% of properties in both San Francisco and San Jose reached that threshold. The biggest increase in the number of million-dollar homes was in Anaheim, Calif., as the percentage of homes that reached that threshold nearly doubled in two years to 55.3% from 27.2%. "The surge in housing values has turned many homeowners into millionaires, but has pushed homeownership out of reach for a lot of other Americans," said Redfin Deputy Chief Economist Taylor Marr. "Incomes have increased, but not as fast as home prices, which means many people are stuck renting or have to move somewhere more affordable if they want to buy a home." Meanwhile, Redfin shares have plunged 52.7% over the past three months, while the S&P 500 has declined 10.6%.

A record 6 million, or 8.2%, of U.S. homes were valued at $1 million or more in February, according to a report from real estate brokerage Redfin Corp. RDFN, +4.65% , a near doubling from the 3.5 mill

Cheap doesn't always equal good value, but in this case, it just might.

Real estate investing is already risky enough on its own.

Since many high-growth tech stocks peaked late last year, investors have hit the exits, sending one-time darlings into a tailspin.

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: 2022 Wedbush Real Estate Technology Conference Wednesday, March 2, 2022 at 3:05 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with br